Roughly, ikeda1986 says "What's up, homie?" to which Sakagushi replies "Working on three new iOS games," which prompts ikeda1986 to say "Looking forward to it." A touching exchange indeed.
Sakaguchi resigned as executive vice president of Square in 2004, about a year after the company merged with Enix. He went on to create the Mistwalker game development corporation. You can see a list of games he's developed--often along with Final Fantasy fan favorite Nobuo Uematsu--on the corporations Wikipedia page here. Their most recent game, The Last Story (Wii), is set to release in Australia and Europe on the 23rd and 24th, respectively, and it looks fabulous.
watch The Last Story trailer
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